Factory orders increased 1.8% in November, the biggest gain in four months, the Commerce Department said Wednesday.
The increase followed a revised 0.2% decline in October that was originally reported as a 0.4% decrease.
The November gain was slightly lower than economists’ forecasts of a 2% increase, Bloomberg reported.
Capital goods orders excluding aircraft and military orders, a measure of future business investment, declined 1.2% following a 0.9% decline the previous month.
The trucking industry relies on factory orders and shipments for much of its business.
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